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Uber and PayPal Used Similar Strategies When Trying to Jumpstart

question 53

Essay

Uber and PayPal used similar strategies when trying to jumpstart network effects that were vital in creating their dominance. What did each do?


Definitions:

Intertemporal Price Discrimination

A pricing strategy where businesses charge different prices for the same product or service at different times to maximize profits.

Vacation Packages

Pre-arranged travel plans combining elements like accommodation, transportation, and activities into a single purchase, often offering cost savings.

Peak-Load Pricing

A pricing strategy that involves charging higher prices during periods of high demand and lower prices during periods of lower demand.

Marginal Cost

The extra cost associated with producing a further unit of a product or service.

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